Opendoor became one of the most high-profile firms to announce an intention to go public via a SPAC merger. And in confirming the news, Opendoor unveiled the most detailed look so far at the financials of its internet-enabled home-buying business. One thing that quickly became clear is why Opendoor needed to cut 35% of its staff, or 600 people, earlier this spring. The company reported a net...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
markets
Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
Latest Briefs
Apple Insiders Debate Prospects for Mixed Reality Headsets
Twitter Valued at $20 Billion in New Employee Stock Grant
Amazon Starts Latest Round of 9,000 Layoffs
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive
startups
electric vehicles
SpaceX Plans New Funding With Backing From Saudi, UAE Investors
